44.97 0.00 (0.00%)
After hours: 7:59PM EDT
|Bid||44.90 x 3100|
|Ask||47.09 x 1000|
|Day's Range||44.46 - 45.02|
|52 Week Range||39.32 - 54.00|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.74%|
The market has reacted very negatively to President Donald Trump’s aggressive approach to trade relations with China. Trump and his supporters argue, however, that the long-term benefits of a favorable trade policy could far outweigh the short-term market impacts of a trade war with China. Since Friday, Trump has imposed 25 percent tariffs on $50 billion of imported Chinese goods.
On June 15, President Trump imposed tariffs on $50 billion worth of Chinese goods. Prior to these tariffs, the United States had also hit China (FXI) with tariffs on solar panels in January, which was followed by steel and aluminum tariffs in March.
The iShares China Large-Cap ETF (FXI) fell more than 1.5 percent in midday Friday trading, tracking for its first seven-day losing streak since December 2016.
The latest news of U.S. President Donald Trump imposing a 25 percent charge on up to $50 billion in Chinese goods sank five large China ETFs in the process. At the opening of the U.S. markets, the Dow sank over 200 points, the S&P 500 sank 12 points and the NASDAQ was down 30 points. In turn, China ETFs with the largest total assets responded on the down side-- iShares China Large-Cap ETF (FXI) was down 1.64%, iShares MSCI China ETF (MCHI) was down 1.38%, KraneShares CSI China Internet ETF (KWEB) was down 0.87%, SPDR S&P China ETF (GXC) was down 1.22%, and Xtrackers Harvest CSI 300 China A ETF (ASHR) was down 1.33%.
Not a month after announcing a hold on the trade war, President Donald Trump approved Thursday night about billion in tariffs on Chinese exports. The Administration is making amendments to an early list ...
President Trump says he will confront China with $50 billion in new tariffs, expected on Friday. The FTSE China (FXI) exchange traded fund is up 19.64% over the last 12 months. The MSCI China (MCHI) fund is up 30.93%. The KraneShares China Internet and E-Commerce (KWEB) ETF is up 38.45%.
The Indian economy expanded at an annual rate of 7.7% in the first quarter of 2018, compared to 5.6% a year ago, as manufacturing and investments picked up steam.
Last week’s G7 Summit will likely be best remembered for flip-flops on joint communique. Meanwhile, broader equity markets largely shrugged off the G7 meeting and closed flat yesterday. The G7 has never looked so fractured in the recent past.
The historic meeting between U.S. President Donald Trump and North Korean leader Kim Jong-un yielded a peace document that included the denuclearization of North Korea. While on the surface, the broad strokes of the document sound appealing, skepticism still remains as to the lack of details on how the denuclearization process will occur. "I think he liked me and I like him," Trump told Voice of America's Greta Van Susteren in an interview.
Could Trump’s Policy Unpredictability Be Hurting Investors? While investor sentiment soured in global markets following the failure of the G7 summit, markets shrugged off most of the concerns, eyeing the historic US-North Korea meeting set for June 12. This meeting is to be the first time a US president meets with a North Korean leader.
The financial markets are fickle ahead of U.S. talks with North Korea on Tuesday in Singapore. At noon Eastern on Monday, The Dow Jones Industrial Average was up 0.1% while the S&P 500 is up 0.34% as speculation remains on how well the meeting goes with U.S. President Donald Trump and North Korean leader Kim Jong-un. ETFs concentrated in Southeast Asia are also undecided as iShares China Large-Cap ETF (FXI) is down 0.21%, iShares MSCI Japan ETF (EWJ) is up 0.40% and iShares MSCI South Korea Index Fund ETF (EWY) is up 0.53%.
Donald Trump is not the Chinese stock market’s real problem, though his bellicose trade rhetoric doesn’t help. The tariffs that Washington threatens to slap on $50 billion worth of Chinese exports would come to about 0.1% of Beijing’s gross domestic product, observes Chang Liu, a China economist at Capital Economics. The dilemma of shrinking this leverage without killing China’s four-decade growth miracle absorbs investors.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
Two of China's biggest household brands Alibaba Group and SAIC Motor have risen up the charts on the Forbes Global 2000 list of the world's largest companies. China is big--at everything. Its tech companies like HNA Technology are getting bigger. China has some of the biggest airlines in the world.
Shares of semiconductor (SMH) company Micron Technology (MU) rose over 25% in May and closed at $57.59. In early May, investment bank Morgan Stanley (MS) reiterated its “overweight” rating on Micron, as it expected revenue growth from the latter’s cloud computing business. Analyst Joseph Moore said, “We see a positive risk/reward skew from here.
For people who want to invest in a fairly narrow theme and don’t want the relatively high risk that investing in one or two companies bring, exchange-traded funds (ETFs) are a great option. ETFs allow investors to avoid worrying whether individual companies have too much debt, a bad CEO or some other hidden problem. At the same time, they allow more pinpointed investments than mutual funds.
HP Inc.’s (HPQ) Personal Systems segment managed to deliver another quarter of revenue growth in fiscal Q2 2018. Its net revenue rose 14% YoY (year-over-year).
You can call it the “Donald Trump effect.” Throughout both the campaign and the actual administration, the president has routinely stated that he will put America first. While the major domestic indices aren’t exactly lighting up the stat sheets, U.S. stocks are at least gaining some traction. In contrast, international markets are noticeably struggling.
As noted previously, China’s steel production has risen sharply this year. According to the CAAM (China Association of Automobile Manufacturers), China’s vehicle sales surged 11.5% YoY (year-over-year) to 2.3 million units. Thanks to this surge, the year-to-date sales growth now stands at an impressive 4.8%—comfortably above the 3% growth that CAAM predicted for the year.
Billionaire investor Ray Dalio has advised investors to protect their investments by investing in gold as tensions between the United States (SPY) and North Korea rise. He also suggested diversifying investments across various economies.
According to data provided by Markit Economics, China’s final Markit services PMI rose significantly in April. It was 52.9 in April compared to 52.3 in March. It beat the preliminary market estimate of 52.2.
China’s manufacturing PMI for April indicates an improvement in manufacturing. It was 51.4 in April compared to 51.5 in March, which beat the market expectation of 51.3.
On Wednesday morning, President Donald Trump expressed skepticism about a potential trade deal with China, tweeting that the current framework for a deal to avoid an exchange of tariffs between the two countries may be more difficult than anticipated. Trump has demanded that China reduce its U.S. trade deficit by $200 billion over a two-year period. Investors were optimistic about the potential outcome after Treasury Secretary Steven Mnuchin said over the weekend that the trade war with China is “on hold.” Much Ado About Nothing?
Will China suddenly increase the imports of certain products? If it does, will there be sufficient demand for these products in China, or will China cut the imports of such products from its other trading partners?